FORESCO REAL ESTATE DEVELOPMENT: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
FORESCO REAL ESTATE DEVELOPMENT
Largest movements
- Receivables within one year -€44,702
down €44,702 (-33.7%), from €132,701 to €88,000
of which Other amounts receivable: -€53,878
- Stocks and contracts -€19,021
down €19,021 (-14.4%), from €132,276 to €113,255
- Receivables after one year +€17,361
new in 2025: €17,361
- Tangible fixed assets +€2,808
up €2,808 (+39.7%), from €7,082 to €9,890
of which Furniture and vehicles: +€4,997
- Other debts -€50,155
down €50,155 (-44.7%), from €112,095 to €61,940
- Trade debts -€26,168
down €26,168 (-72.1%), from €36,275 to €10,107
- Profit (loss) carried forward +€23,989
up €23,989 (+0.6%), from -€4.2m to -€4.2m
- Tax, wage and social debts +€6,929
new in 2025: €6,929
- Financial income +€29,422
up €29,422 (+2,263,196%), from €1 to €29,423
- Gross operating margin +€15,807
up €15,807, from -€11,333 to €4,474
- Depreciation +€2,580
up €2,580 (+50.6%), from €5,102 to €7,682
- Other operating charges +€114
up €114 (+6.6%), from €1,728 to €1,843
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €277,637 | €232,607 | -€45,030 | -16.2% |
| Fixed assets | 21/28 | €7,082 | €9,890 | +€2,808 | +39.7% |
| Tangible fixed assets | 22/27 | €7,082 | €9,890 | +€2,808 | +39.7% |
| Plant, machinery and equipment | 23 | €736 | €491 | -€245 | -33.3% |
| Furniture and vehicles | 24 | €2,809 | €7,806 | +€4,997 | +178% |
| Other tangible fixed assets | 26 | €3,536 | €1,593 | -€1,943 | -54.9% |
| Current assets | 29/58 | €270,555 | €222,717 | -€47,838 | -17.7% |
| Amounts receivable after more than one year | 29 | - | €17,361 | +€17,361 | |
| Other amounts receivable | 291 | - | €17,361 | +€17,361 | |
| Stocks and contracts in progress | 3 | €132,276 | €113,255 | -€19,021 | -14.4% |
| Stocks | 30/36 | €132,276 | €113,255 | -€19,021 | -14.4% |
| Amounts receivable within one year | 40/41 | €132,701 | €88,000 | -€44,702 | -33.7% |
| Trade receivables | 40 | €12,258 | €21,434 | +€9,177 | +74.9% |
| Other amounts receivable | 41 | €120,444 | €66,566 | -€53,878 | -44.7% |
| Cash at bank and in hand | 54/58 | €5,169 | €3,156 | -€2,013 | -39.0% |
| Deferred charges and accrued income | 490/1 | €409 | €945 | +€536 | +131% |
| Total equity and liabilities | 10/49 | €277,637 | €232,607 | -€45,030 | -16.2% |
| Equity | 10/15 | €129,267 | €153,256 | +€23,989 | +18.6% |
| Contributions | 10/11 | €3,005,677 | €3,005,677 | = | 0.0% |
| Capital | 10 | €3,000,000 | €3,000,000 | = | 0.0% |
| Issued capital | 100 | €3,000,000 | €3,000,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,677 | €5,677 | = | 0.0% |
| Share premium | 1100/10 | €5,677 | €5,677 | = | 0.0% |
| Reserves | 13 | €1,350,794 | €1,350,794 | = | 0.0% |
| Non-distributable reserves | 130/1 | €449,252 | €449,252 | = | 0.0% |
| Legal reserve | 130 | €177,428 | €177,428 | = | 0.0% |
| Reserves not available under the articles | 1311 | €271,824 | €271,824 | = | 0.0% |
| Tax-exempt reserves | 132 | €901,542 | €901,542 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,227,204 | -€4,203,215 | +€23,989 | +0.6% |
| Amounts payable | 17/49 | €148,370 | €79,351 | -€69,019 | -46.5% |
| Amounts payable within one year | 42/48 | €148,370 | €78,976 | -€69,394 | -46.8% |
| Trade debts | 44 | €36,275 | €10,107 | -€26,168 | -72.1% |
| Suppliers | 440/4 | €36,275 | €10,107 | -€26,168 | -72.1% |
| Taxes, remuneration and social security | 45 | - | €6,929 | +€6,929 | |
| Taxes | 450/3 | - | €6,929 | +€6,929 | |
| Other amounts payable | 47/48 | €112,095 | €61,940 | -€50,155 | -44.7% |
| Accrued charges and deferred income | 492/3 | - | €375 | +€375 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,102 | €7,682 | +€2,580 | +50.6% |
| Other operating charges | 640/8 | €1,728 | €1,843 | +€114 | +6.6% |
| Gross operating margin | 9900 | -€11,333 | €4,474 | +€15,807 | |
| Operating profit (loss) | 9901 | -€18,163 | -€5,050 | +€13,113 | +72.2% |
| Financial income | 75/76B | €1 | €29,423 | +€29,422 | +2,263,196% |
| Recurring financial income | 75 | €1 | €29,423 | +€29,422 | +2,263,196% |
| Financial charges | 65/66B | €366 | €384 | +€18 | +4.9% |
| Recurring financial charges | 65 | €366 | €384 | +€18 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | -€18,527 | €23,989 | +€42,516 | |
| Profit (loss) for the period | 9904 | -€18,527 | €23,989 | +€42,516 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,527 | €23,989 | +€42,516 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.